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Random News from Mining Top News

Patriot Coal Announces Closure of Jupiter Mine

Patriot Coal Announces Closure of Jupiter Mine

Patriot Coal Corporation announced the closure of its Jupiter mining complex. The Company announced on September 29, 2008, its intention to idle the Jupiter thermal …  producer and marketer of coal in the eastern United States, with 16 mining complexes in Appalachia and the Illinois Basin. The …

January 10th, 2009

Addax Petroleum Announces Update to Gabon Drilling Program

Addax Petroleum Announces Update to Gabon Drilling Program

…  recently drilled Ebouri and North Ebouri wells as this campaign has continued to demonstrate the high quality of the Etame Marin acreage. …  area with the planned drilling of two exploration wells, targeting two newly mapped structures in North Etame and Southeast Etame …

January 10th, 2009

HudBay to Suspend Operations at Its Chisel North Mine and Snow Lake Concentrator

HudBay to Suspend Operations at Its Chisel North Mine and Snow Lake Concentrator

…  prices of base metals, and the economic downturn. The company will place both the mine and concentrator under care and maintenance until …  throughout this challenging period. We regret the impact this will have on the community and our employees. I’d like to thank the …

January 10th, 2009

Denison Mines Corp. Satisfies Bank Production Covenant

Denison Mines Corp. Satisfies Bank Production Covenant

Denison Mines Corp. announced that it has satisfied the covenant outlined in its credit facility with the Bank of Nova Scotia relating to uranium production in 2008. Uranium production for the year totaled 1,635,000 pounds U3O8, with production from the Mc …

January 10th, 2009

Vaaldiam to Reduce Warrants Exercise Price

Vaaldiam to Reduce Warrants Exercise Price

…  warrants held by any insiders of Vaaldiam, and it is anticipated that the reduced price of the warrants will become effective on January …  The purpose of the warrant repricing is to provide the Company with further means of raising additional capital through the potential …

January 10th, 2009

Endeavour Launches Onshore U.S. Exploration Campaign

Endeavour Launches Onshore U.S. Exploration Campaign

…  very large four-way dip structure with multiple reservoir targets. The company plans to expand its onshore Texas presence over the …  focused on the acquisition, exploration and development of energy reserves in the North Sea and United States. For more information, …

January 9th, 2009

Stratic ceases operations on Well 16/2b-5A in UK North Sea

Stratic ceases operations on Well 16/2b-5A in UK North Sea

…  Energy Corporation announces that following a series of operational difficulties, Stratic and its joint venture partner have decided to cease operations on well 16/2b-5A in the UK North …  amounted to approximately $19 million. The joint venture partners will assess over the coming months whether further activity on the …

January 9th, 2009

Great Western Minerals to Acquire Heavy Rare Earth Element Enriched Property in New Brunswick

Great Western Minerals to Acquire Heavy Rare Earth Element Enriched Property in New Brunswick

…  that it has entered into an option agreement with a third party to acquire a 100% working interest in a Rare Earth Elements property in …  covers 55 claims totaling 880 hectares (ha) and hosts an apatite-diopside-magnetite vein that has been traced on surface for 800 metres …

January 9th, 2009

Wallbridge Mining Company to Continue Exploration at Pele Mountain’s Sudbury Nickel Project

Wallbridge Mining Company to Continue Exploration at Pele Mountain’s Sudbury Nickel Project

…  Resources Inc. announced that Wallbridge Mining Company Ltd. has fulfilled its option commitment at Pele’s Sudbury Nickel Project …  of the prolific Sudbury Mining Camp of Northern Ontario. Past exploration by Pele and Wallbridge has discovered two new offset dikes and …

January 9th, 2009

Orex Closes Flow-Through Private Placement for its Phase 2 Exploration Program at Goldboro

Orex Closes Flow-Through Private Placement for its Phase 2 Exploration Program at Goldboro

…  a period of 24 months. A 2% cash finder’s fee will also be paid to another intermediary for this financing. Additional commissions of $6,900 and 150,000 purchase warrants will be payable to intermediaries for the realization of the balance of the placement. …

January 9th, 2009